Serbian dollar bonds sold last year and due in 2034 extended their decline on Tuesday, pushing the yield 6 basis points higher to 6.24%. That compares with a level as low as 5.51% last year, just before Serbia obtained its investment-grade credit rating in October.

Prime Minister Milos Vucevic resigned following weeks of massive anticorruption protests over the deadly collapse of a concrete canopy in November.

Students in Serbia vowed to continue protesting even after the country's Prime Minister Milos Vucevic announced his resignation on Tuesday, following weeks of mass demonstrations over the fatal collap